Play of the week Feb 27- Mar 3 $APPL
Charting this Sunday (Feb. 26, 2023) night before market open.
From a technical aspect the stock appears to be in a bearish rectangle which isn't much of a direction teller just yet. Apple watches are in courts with a Cali based company over heart rate monitoring technology and from the just of the article Apple isn't looking for a settle meant deal nor does the case hold much weight to the public yet as it is being appealed on both sides. Process takes about 12-18 months on the appeal process, so since news bro Saturday of this import ban slight over reaction may occur to bring the stock down just a bit along side general market fear.
On the other side the stock has been fairly stable and could bounce off thee $145.80 support and test the 147.37 area to not only fill the gap but also trail on the news of its new noninvasive technology on testing glucose levels.
March 10th apple's annual shareholder meeting takes place
From a technical aspect the stock appears to be in a bearish rectangle which isn't much of a direction teller just yet. Apple watches are in courts with a Cali based company over heart rate monitoring technology and from the just of the article Apple isn't looking for a settle meant deal nor does the case hold much weight to the public yet as it is being appealed on both sides. Process takes about 12-18 months on the appeal process, so since news bro Saturday of this import ban slight over reaction may occur to bring the stock down just a bit along side general market fear.
On the other side the stock has been fairly stable and could bounce off thee $145.80 support and test the 147.37 area to not only fill the gap but also trail on the news of its new noninvasive technology on testing glucose levels.
March 10th apple's annual shareholder meeting takes place
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